1 / 9

MONTHLY HIGHLIGHTS OF FINANCE DEPARTMENT AUGUST, 2007

MONTHLY HIGHLIGHTS OF FINANCE DEPARTMENT AUGUST, 2007. Average Funds utilization (in % of Sanctioned Limit). Aug.,07 Sept, 06 to Aug, 07 35.34 37.15. Average Cost of Funds as % of Sales. Aug.,07 Sept, 06 to Aug, 07 1.53 1.41. Average Cost of Funds per KG of foam(in Rs.).

belva
Télécharger la présentation

MONTHLY HIGHLIGHTS OF FINANCE DEPARTMENT AUGUST, 2007

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. MONTHLY HIGHLIGHTS OF FINANCE DEPARTMENTAUGUST, 2007

  2. Average Funds utilization (in % of Sanctioned Limit) • Aug.,07 Sept, 06 to Aug, 07 • 35.34 37.15 Average Cost of Funds as % of Sales • Aug.,07 Sept, 06 to Aug, 07 • 1.53 1.41 Average Cost of Funds per KG of foam(in Rs.) • Aug.,07 Sept, 06 to Aug, 07 • 3.37 2.81

  3. 1. Total interest cost reduction for the year 2007-08 over 2006-07 (Target 10%) Rs. in Lacs Yearly as on date Comparison Company Name Aug, 07 Aug., 07 Aug., 06 47.82 29.57 SFPL 47.82 Reasons:1. Rate of interest in August, 06 was 8.5% compared to 11% in August, 2007.2. Cost of funds per Kgs of foam decreased in August, 07 due to higher foam production. The interest paid to the bank was lower compare to July, 07. The decrease is offset by increase in the interest paid to distributors.

  4. Maintenance of average monthly cash balance • (Amt.Rs. in lacs) • Unit Actual AmountLimit per unit • Sahibabad - 0.83 1.00 • Surajpur - 1.06 .50 • Greater Noida - 1.60 3.00 • Sikkim - 0.23 .50 • Hyderabad - 1.06 7.00 • Pondicherry - 0.34 1.00 • Silvassa IV - 8.85 10.00 • Silvassa V - 1.16 2.00 • Silvassa X - 4.91 10.00 • HO - 1.29 20.00 • Siliguri - 0.09 5.00 • Kala Amb - 0.07 .25 • Auora Foams - 0.31 2.00 • Auora Foams - HO - 0.00 1.00 • Export - 0.23 1.00 • Total 22.03 37.64

  5. 3. Payment to suppliers on due date All payments have been made on due date.

  6. ACTIVITY PERFORMED IN AUG. 07 • We have received Rs. 1,95,000/- from Central Bank of India for charge wrongly. • Renewed the insurance policy of Hyderabad Unit. • Renewed the insurance policy of Directors. • Quarterly returns of actual current assets and current liabilities for the period June, 2007 has been submitted to the bank as per the due date. • Opened the corporate salary account of the new joinees. • Inputs given to HR Deptt. for training need identification.

  7. STATUS OF CREDITORS • Reconciliation status as on 30.06.07 : • GNFC and Dow Chemicals are reconciled upto 31.03.2007. • Manali Petrochemicals is reconciled upto 30.06.2007. • Balance Confirmation as on 31.03.07: All units have sent the balance confirmation letter against which we have received back 55% from them.

  8. ACTIVITY FOR THE MONTH OF SEPT, 07 • Follow up of our request for reduction of interest rate with Central Bank of India. • Follow up with FCNRB application of necessary sanction. • To evaluate the investment proposal for the purpose of generating return higher then cost of funds. • We have to take insurance policy of Kalamb Unit after consultation with Mr. Arvind Kumar. • To review the insurance policy of Greater Noida Unit for any addition of the assets.

  9. THANKS, ANY QUESTION?

More Related